Red Robin Gourmet Burgers Inc Stock Price, News & Analysis

Red Robin Gourmet Burgers announces a partnership with Blessings in a Backpack to combat childhood hunger. Guests can donate $1, $5, or $10 at participating locations to support children in need. This initiative aims to fill the food gap for over 87,000 children across 44 states and D.C., particularly during weekends and holidays when they lack access to school lunches. CEO G.J. Hart emphasizes the company's commitment to community support. This partnership follows Red Robin’s prior commitment to donate 10 cents from every kids' meal sold for three years to Make-A-Wish Foundation.

Red Robin Gourmet Burgers is excited to announce the opening of its 19th Arizona location in Glendale on March 8, 2023. The new restaurant will offer dine-in, carryout, and delivery services. To celebrate, the first 50 guests on opening day will receive a $50 gift card and commemorative t-shirt, with one lucky guest winning a $500 surprise. Guests can enjoy signature gourmet burgers, Bottomless Steak Fries, and Donatos® pizza. Red Robin aims to create memorable meals in a casual atmosphere. The restaurant will be open daily at 11 a.m., closing at 10 p.m. on weekdays and 11 p.m. on weekends.

Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) reported financial results for Q4 and fiscal year 2022, revealing total revenues of $290.1 million, a 2.4% increase year-over-year. The company posted a net loss of $44.2 million, significantly up from a loss of $21.3 million in 2021, primarily due to a $25 million impairment charge. Adjusted EBITDA remained steady at $8.9 million. For fiscal 2023, Red Robin anticipates total revenue of approximately $1.3 billion and a restaurant-level operating profit margin of at least 13%. The company is also exploring a sale-leaseback transaction for up to 35 properties to reduce debt and fund future investments.

Red Robin Gourmet Burgers has launched its limited-time Five Star Flavors menu featuring gourmet items like the Tycoon Burger and Cheesy Bacon Truffle Fries. This new menu, available at participating locations for dine-in, takeout, and delivery, incorporates rich ingredients such as truffle, porcini, and black garlic. The culinary team, led by VP Brian Sullivan, aims to offer guests unique flavor combinations that have been well-received in tests. The menu also includes seasonal desserts and beverages. Customers can enjoy the offerings while learning about the Red Robin Royalty rewards program.

Red Robin Gourmet Burgers (NASDAQ: RRGB) announced the release of its fiscal fourth quarter and full year 2022 financial results on February 28, 2023, after market close. A conference call to discuss these results will be held at 5:00 p.m. ET. Analysts and interested parties can dial 201-689-8560 to access the call, or visit Red Robin's Investor Relations website for a live webcast. A replay of the call will be available approximately two hours after it concludes, lasting until March 7, 2023.